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...estimated to be 50% cheaper than gasoline, or about 4 cents a mile. This comes with the added benefit of low maintenance costs for EVs and, of course, zero emissions. In the U.S., 40% of greenhouse-gas emissions come from transportation. And never underestimate the force of status. Along with a $7,500 federal tax credit, being the first on the block with a road-worthy EV is expected to be the market's primary driver in the years ahead...

Author: /time Magazine | Title: Utilities Scramble to Meet Power Needs of Electric Cars | 7/16/2009 | See Source »

...what's the reason for all this bullishness? Surely not the economy, which continues to muddle along through the muck of heavy consumer debt and a poor housing market. But businesses are in better shape, and the financial crisis seems to be fading from view, even as small business lender CIT struggles to survive another day. (Stock futures turned negative after the market close on news that CIT was not likely to get a government rescue.) (Watch TIME's video of Peter Schiff trash-talking the markets...

Author: /time Magazine | Title: Despite the Economy's Struggles, Stock Market Soars | 7/16/2009 | See Source »

...interest groups and political adversaries that had been on opposite sides of past health-care battles were at the negotiating table, in no small part because Obama had convinced them that reform was really going to happen this time. As a result, the legislative process is already further along than it ever got under Clinton. (Read "The Year in Medicine 2008: From...

Author: /time Magazine | Title: Time for Obama to Step In? | 7/16/2009 | See Source »

...raised and which programs will be cut to pay for the legislation; defining the shape and size of a public plan; deciding what businesses and individuals will be required to do. Between now and then, White House officials say, don't be surprised to see rough spots and bumps along the road. "Everybody wants to rush the process and jump to conclusions," sighs an aide. "The process will play itself out." The question is, Will there be health-care reform...

Author: /time Magazine | Title: Time for Obama to Step In? | 7/16/2009 | See Source »

Some also testified that officers from the Israeli military's rabbinate unit had addressed troops and distributed materials that defined the conflict as a religious war and spoke of the Palestinians as usurpers in the biblical land of Israel. That along with previous reports on brochures distributed by the military rabbinate warning that "exercising mercy towards a cruel enemy means being cruel towards innocent and honest soldiers," allegedly helped create an atmosphere in which there was insufficient concern for Palestinian civilians, say some of the soldiers who spoke to Breaking the Silence. (Watch TIME's video "Protesting Gaza, Carefully...

Author: /time Magazine | Title: Dissident Israeli Soldiers Turn a Harsh Light on the Gaza War | 7/16/2009 | See Source »

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